According to Mars Finance, on November 15th, data from Alternative showed that the cryptocurrency fear and greed index dropped to 10 (from 16 yesterday), with a weekly average of 20. The market's "extreme fear" has deepened further, remaining in this range for a week. Note: The fear index ranges from 0-100 and includes the following indicators: volatility (25%) + market volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google trending topics (10%).
The crypto fear gauge has fallen to 10, plunging the market into further "extreme panic."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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